Earnings Call Excerpt
The Knot, Inc. (KNOT)
Q1 2006 Earnings Conference Call
May 11th 2006, 2:30 PM.
Executives:
Amy Shey Jacobs, Director of Investor Relations
David Liu, President, Chief Executive Officer
Richard Szefc, Chief Financial Officer
Analysts:
Parham Ghorban, Roth Capital Partners
Richard Fetyko, MCF & Company
Kenneth Marcus, First New York Investments
James Lee, Americas Growth Capital
William Morrison, JMP Securities
Michael Perna, AAD Capital
Presentation
Operator
Good afternoon. My name is Lisa and I will be your conference facilitator. At this time I would like to welcome everyone to The Knot First Quarter 2006 Conference Call. During the presentation all participants will be in a listen only mode. After the speakers' remarks, you'll be invited to participate in a question and answer session. As a reminder, ladies and gentlemen, this conference is being recorded. At this time, I would like to turn the conference over to Ms. Amy Shey Jacobs.
Amy Shey Jacobs, Director of Investor Relations
Thank you. Good afternoon and welcome to The Knot First Quarter Conference Call and webcast. During the course of this conference call, comments that we make regarding The Knot that are not historical facts are forward-looking statements and are subject to risks and uncertainties that could cause the actual future events or results to differ materially from these statements. Any such forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words like: may, should, expect, plan, intend, and other similar terms. You are cautioned that these forward-looking statements speak only as of today's date. Our internal projections and beliefs upon which we base our expectations may change but we will not necessarily inform you if they do.
The Knot's policy is to provide expectations only once per quarter and not to update that information until next quarter. The important factors that could cause actual results to differ materially from any forward-looking statements mentioned today include but are not limited to our unproven business model and limited operating history, our history of losses, significant fluctuations to which our quarterly revenue and operating results are subject to the risks and related costs associated with ongoing litigation, the seasonality of the wedding industry and other factors described in documents that we have filed with the Securities and Exchange Commission. Additionally, if you have not received a copy of today's press release, the release is now posted on the Investor Relations section of the Company's website at www.theKnot.com. We have allotted up to one hour for today's conference call, including the question and answer session that follows. Please take note that the Company is operating under the SEC regulation FD and encourages you to take full advantage of the Q&A section. At this time, I would like to turn the call over to our Chief Executive Officer, David Liu.
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